SEBI Fines Monetary Solutions Rs 25 Lakh For Regulatory Breaches

SEBI has imposed a fine of Rs. 25 lakh on Monetary Solutions Ltd. for multiple regulatory breaches, including failure to segregate client securities and not maintaining client fund balances as mandated. The penalty was also for non-compliance with broker norms related to net worth and certification requirements. SEBI's action underscores the importance of strict adherence to regulatory norms in financial markets to safeguard investor interests and maintain market integrity.